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417 S Rampart Blvd

Los Angeles, CA 90057
  • $5,450,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 22-143223
UPDATED: 40 min ago
$5,450,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,583
    SQFT
  • $374
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

Description

417 South Rampart Blvd. is a 30-unit value-add opportunity located in Rampart Village (Los Angeles 90057). Perched up a double stairway, this 1920's style 3 story walkup overlooks bustling Rampart Blvd, between 3rd street and 6th street. Built in 1924, this 3-story wood frame constructed apartment community encompasses 14,583 SF of improvements and features a favorable unit composition of Thirty (30) Large Single | One Bath apartment units. These apartment units are larger in size relative to competing units in the area and are estimated between +\- 400-430 SF depending on the orientation within the building. In recent years, current ownership has updated Sixteen (16) of the Thirty (30) apartment units with a variation of renovation and updating. Most units come with their own refrigerator and stove and an upgraded kitchen. Flooring varies by unit with hardwood, Saltillo, or tile. Bathrooms feature tile flooring and shower/bath enclosures. Apartment residences located on upper levels enjoy tree-top views of the surrounding cityscape from Century City to DTLA.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127376338
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417 S Rampart Blvd Los Angeles, CA 90057

  • Price: $5,450,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 40 min ago
  • MLS #: 22-143223
0
Beds
0
Baths
0
½ Baths
0.19
Acres
14,583
SQFT
$374
$/SQFT
1924
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
417 South Rampart Blvd. is a 30-unit value-add opportunity located in Rampart Village (Los Angeles 90057). Perched up a double stairway, this 1920's style 3 story walkup overlooks bustling Rampart Blvd, between 3rd street and 6th street. Built in 1924, this 3-story wood frame constructed apartment community encompasses 14,583 SF of improvements and features a favorable unit composition of Thirty (30) Large Single | One Bath apartment units. These apartment units are larger in size relative to competing units in the area and are estimated between +\- 400-430 SF depending on the orientation within the building. In recent years, current ownership has updated Sixteen (16) of the Thirty (30) apartment units with a variation of renovation and updating. Most units come with their own refrigerator and stove and an upgraded kitchen. Flooring varies by unit with hardwood, Saltillo, or tile. Bathrooms feature tile flooring and shower/bath enclosures. Apartment residences located on upper levels enjoy tree-top views of the surrounding cityscape from Century City to DTLA.
Exterior Features

Lot Size Area 8411 Other Structures None Parking Garage None Total Parking 0

Interior Features

Baths Total 30.00 Cooling Other Equipment Other Heating Wall

Property Features

Assessed Total Value 2051698 Gross Income 390902 Gross Operating Income 383084 Like Units1 30 Net Operating Income 217170.00 Number Of Buildings 1 Number Of Units 1 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 165914 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Nick Astrupgaard DRE#01893466 of Kw Commercial Studio City.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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